The Department of Tourism has revised directives issued to casino operators as part of broader measures to prevent money laundering and the financing of terrorist activities.
This constitutes the second amendment to the instructions provided to casinos, which are categorized as reporting institutions. The revision has been made by exercising authority under Section 7(P), Sub-section (2) of the Anti-Money Laundering Act, 2064, and Section 45(D) of the Tourism Act, 2035 (as amended).
Under the revised directive, a new provision requires casinos to keep records of customers who engage in cash transactions exceeding Rs 200,000 in a single day.
Casinos will now be obliged to collect and retain detailed information about customers whose spending crosses the specified threshold.
